S.1569 - Default Prevention Act of 2013

A bill to ensure the complete and timely payment of the obligations of the United States Government until December 31, 2014. view all titles (2)

All Bill Titles

  • Short: Default Prevention Act of 2013 as introduced.
  • Official: A bill to ensure the complete and timely payment of the obligations of the United States Government until December 31, 2014. as introduced.

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Bill’s Views

  • Today: 2
  • Past Seven Days: 2
  • All-Time: 498
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
10/08/13
 
 
 
 
 
 
 

Sponsor

Senator

Harry Reid

D-NV

View Co-Sponsors (1)

Committees

No Committees found for this Bill

 

Latest Vote

Result: Cloture on the Motion to Proceed Rejected - October 12, 2013

Roll call number 216 in the Senate

Question: On Cloture on the Motion to Proceed S. 1569

 

Official Summary

Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014. Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective Ja

Official Summary

Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014. Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective January 1, 2015, to the extent that:
(1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2015, exceeds
(2) the face amount of such obligations outstanding on the date of enactment of this Act. Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before January 1, 2015.

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Organizations Supporting S.1569

  • National Education Association

Organizations Opposing S.1569

  • National Taxpayers Union




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